All Forum Posts by: Elise N.

thx mark...I appreciate that info. 

I agree! There are properties that are all around this particular property that have been renovated, and what I mean by "renovated" is all no exterior teardowns, but interior is where we're focusing.  the exterior would be just updating to make it more cohesive.  I was searching for some sort of guidelines that would give me an idea of what certain "generic" costs would be to, say, the bathroom, kitchen, etc., and this would be of course per sq ft cost.  Just to get me going in the right direction before I actually consider investing in a construction co for a quote. 

Hello, I realize this post was over a year ago, but perhaps someone is still actively looking and can give me some suggestions.

I am looking at multifamily properties over 50 units in the DFW area of TX.  I have questions about trying to determine construction costs for a particular property that is a C property in a A, B area.  There is a big obstacle for me because I don't live in TX, although I do have SFHs in the DFW area, I have never done a value-add project in a MF property.  I have had people go and look at the property and take pics and we have an idea of what we want to accomplish as far as the value add, but I'm a little unsure of where to go from here.  We do know some contractors who have worked on SFHs but nothing of this magnitude.  Is there anyone that can lend some ideas of how to start this process. 

Very interested in this property, nearby property has upgrades wth similar style build.  what is the best way to incorporate construction funds to do upgrades within the financing.  Is there a way to package this idea to a lending institution or funding company to incorporate that?  This property is receiving almost 50% less than surrounding properties.  It needs interior upgrades, not teardown, and minor cosmetic on exterior.  Please, any advice would be much appreciated!  (property in TX)